- 1099 K Copy A PSE settles a reportable payment transaction, such as a payment card or third-party network transaction, by instructing the transfer of funds to the participating payee's account. Like Report Income that you received from credit cards, debit cards, or other electronic payments, such as eBay and Pay Pal.
- Whether domestic or foreign, a PSE is an entity, such as a bank or third-party settlement organization (TPSO), responsible for paying participating payees in payment card or third-party network transactions.
- A payment settlement entity (PSE) must file Form 1099-K for payments made in settlement of reportable payment transactions for each calendar year.
- Quality Paper: Government approved 20# bond paper.